Consolidated Infrastructure collapse angers Fairfax Africa ahead of Helios merger
The merger between Canadian investment fund Fairfax Africa and Helios Holdings Limited will expand the new entity beyond South Africa, a country particularly affected by the recession.
Someone shares this article with you
▪ Consolidated Infrastructure collapse angers Fairfax Africa ahead of Helios merger
▪ The merger between Canadian investment fund Fairfax Africa and Helios Holdings Limited will expand the new entity beyond South Africa, a country particularly affected by the recession.
▪ https://www.jeuneafriquebusinessplus.com/en/806090/consolidated-infrastructure-collapse-angers-fairfax-africa-ahead-of-helios-merger/
16/11/2020 at 15h27, by Tarik Bargal
After having invested some €55m last year in South African engineering company Consolidated Infrastructure Group Ltd (CIG), Fairfax Africa Holdings Corporation (FAH) has seen the subsidiary’s operational setbacks erode almost all its financial contribution. CIG’s market value on the Johannesburg Stock Exchange fell below R 30m (€1.6m) at the end of last week. On 11 November, CIG announced to its investors and creditors that it was suspending payments, triggering a plunge in the share price, which hit a low of R 5 on 9 November. In contrast, the share was trading at R 123 on 14 November 2019.
To read the article and discover your subscription benefits
You are connected to your Jeune Afrique account but your Jeune Afrique Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
Private Equity
02/09/2020 at 15h46, by Tarik Bargal
Helios requires premium on Atlas Mara for completion of merger with Fairfax
In order to bail out its future partner’s coffers, the British investment fund is forcing its Canadian...
Advisory
15/07/2020 at 16h16, by Aurelie Benoit
The people making the Fairfax-Helios deal a reality
The merger, which is shaking up the African private equity scene, involves many advisors on both sides...
Any questions ? contact us
Please get in touch with the Jeune Afrique Business+ team if you require any further information.
Email us : abonnements@jeuneafriquebusinessplus.com
Add JAB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add JAB+ on the home screen.
3. Enter the name of the shortcut and confirm.